Abstract

It seemed like such a good investment idea a no-brainer, really. You bought a rental property with a small deposit, a large mortgage, and got someone to rent it, paying off your mortgage bond to the bank. Ever-rising rentals ensured that you would start generating some extra cash in the near term. Then ten, 15, or even 20 years later, when the bond was paid off, you either collected the rent sans mortgage to live on, or you sold the units for a fat profit.